Alcoa nears deal to sell dormant New York smelter site to Bitcoin miner NYDIG: Bloomberg
Oplinger said the transaction should close in the middle part of this year, as the aluminum giant works to offload 10 dormant US smelter sites.
Bitcoin seems to have finally broken out of weeks of stagnation with an 11% rally, signaling a notable shift in its market momentum. Expectedly, this move has drawn renewed attention from various market participants who may be eager to re-enter the market.
The Iranian government chose Bitcoin as a payment method for oil tolls due to its confiscation-resistant properties, but only dollar stablecoins have been used so far.
April 18, 2026, 6:27 pmKevin Warsh is set to become the first Federal Reserve chair with disclosed crypto holdings, and the first whose policy instincts could still squeeze the sector harder than his predecessors.
April 18, 2026, 5:25 pmOplinger said the transaction should close in the middle part of this year, as the aluminum giant works to offload 10 dormant US smelter sites.
Experts warn quantum computers could someday forge Bitcoin’s digital signatures, allowing unauthorized transactions.
Bitcoin immediately dropped to $76,000 as Iran announced that the Strait of Hormuz is closed once again, one day after President Trump declared that the strategic oil passage was reopened to traffic except for Iran.
The closure of the Strait of Hormuz heightens geopolitical tensions, impacting global markets and prompting a shift towards diplomatic solutions.
Crypto analyst Hanzo has predicted that Bitcoin will rally to a new all-time high (ATH) of $170,000 in the next bull run. He also revealed what level investors should look to buy BTC in this bear market as they target this potential rally to $170,000.
Miner pressure fades as Bitcoin now relies on sustained demand for direction.
Iran's Friday announcement that the Strait of Hormuz would be opened during the current ceasefire triggered one of the sharpest oil reversals of the year. Brent crude fell 12.95% to $86.52, and WTI dropped 14.26% to $81.19, both their lowest levels since Mar. 11 and the largest single-day declines since Apr. 8.
Strategy BTC holdings posted a $1.3 billion unrealized gain, the first profitability after a +$10 billion paper loss.
Truss criticized central banking and defended her mini-budget, suggesting bitcoin and a CPAC UK conference could help push for economic reform.